BidaskClub upgraded shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) from a strong sell rating to a sell rating in a research report released on Friday.

Other research analysts have also issued reports about the stock. Stifel Nicolaus reaffirmed a buy rating and set a $16.00 price objective (down from $23.00) on shares of SeaWorld Entertainment in a research note on Wednesday, August 2nd. ValuEngine raised shares of SeaWorld Entertainment from a hold rating to a buy rating in a research note on Thursday, August 10th. Janney Montgomery Scott reaffirmed a buy rating on shares of SeaWorld Entertainment in a research note on Friday, October 6th. Zacks Investment Research raised shares of SeaWorld Entertainment from a hold rating to a buy rating and set a $14.00 price objective for the company in a research note on Wednesday, October 18th. Finally, TheStreet lowered shares of SeaWorld Entertainment from a c- rating to a d rating in a research note on Tuesday, August 8th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. SeaWorld Entertainment presently has a consensus rating of Hold and an average target price of $15.82.

SeaWorld Entertainment (NYSE SEAS) opened at $12.15 on Friday. The company has a debt-to-equity ratio of 5.04, a quick ratio of 0.45 and a current ratio of 0.57. The company has a market cap of $1,098.80, a price-to-earnings ratio of 13.06 and a beta of 0.73. SeaWorld Entertainment has a one year low of $10.79 and a one year high of $20.13.

SeaWorld Entertainment (NYSE:SEAS) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.14). The firm had revenue of $437.70 million for the quarter, compared to analysts’ expectations of $453.58 million. SeaWorld Entertainment had a positive return on equity of 22.94% and a negative net margin of 15.32%. The firm’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.77 earnings per share. equities analysts anticipate that SeaWorld Entertainment will post -2.23 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “SeaWorld Entertainment, Inc. (SEAS) Lifted to Sell at BidaskClub” was first posted by Watch List News and is the property of of Watch List News. If you are reading this report on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright laws. The original version of this report can be read at https://www.watchlistnews.com/seaworld-entertainment-inc-seas-lifted-to-sell-at-bidaskclub/1699800.html.

In other news, major shareholder Hill Path Capital Partners Lp acquired 417,942 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was purchased at an average cost of $13.31 per share, for a total transaction of $5,562,808.02. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Hill Path Capital Partners Co- acquired 320,627 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was purchased at an average price of $13.21 per share, with a total value of $4,235,482.67. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 1,120,169 shares of company stock valued at $14,854,443. Corporate insiders own 3.40% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board bought a new stake in shares of SeaWorld Entertainment in the second quarter valued at about $499,000. Alpha Windward LLC bought a new stake in shares of SeaWorld Entertainment in the second quarter valued at about $403,000. Hill Path Capital LP raised its holdings in shares of SeaWorld Entertainment by 172.8% in the second quarter. Hill Path Capital LP now owns 12,024,537 shares of the company’s stock valued at $195,639,000 after acquiring an additional 7,616,675 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of SeaWorld Entertainment by 7.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 3,000,000 shares of the company’s stock valued at $38,970,000 after acquiring an additional 200,000 shares in the last quarter. Finally, Eqis Capital Management Inc. bought a new stake in shares of SeaWorld Entertainment in the third quarter valued at about $332,000. Hedge funds and other institutional investors own 93.34% of the company’s stock.

About SeaWorld Entertainment

SeaWorld Entertainment, Inc is a theme park and entertainment company. The Company owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. As of December 31, 2016, the Company had a diversified portfolio of 12 destination and regional theme parks that are located across the United States.

Analyst Recommendations for SeaWorld Entertainment (NYSE:SEAS)

Receive News & Ratings for SeaWorld Entertainment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SeaWorld Entertainment Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.